ARE Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	418.72	549.06	552.15	618.19	825.19	361.35
Cash & Short-Term Investments	418.72	549.06	552.15	618.19	825.19	361.35
Cash Growth	-12.11%	-0.56%	-10.68%	-25.09%	128.37%	-36.44%
Accounts Receivable	7.36	6.67	6.41	8.21	7.61	7.38
Restricted Cash	4.67	4.69	7.7	42.58	32.78	53.88
Total Current Assets	430.75	560.43	566.26	668.98	865.59	422.61
Net Property, Plant & Equipment	28,830	28,690	32,110	31,634	29,945	24,981
Long-Term Investments	1,567	1,532	1,517	1,487	1,654	1,915
Other Long-Term Assets	3,340	3,299	3,334	2,982	3,059	2,901
Total Assets	34,167	34,082	37,527	36,771	35,523	30,219
Short-Term Debt	1,354	353.16	-	99.95	-	269.99
Other Current Liabilities	2,284	2,525	2,885	2,833	2,680	2,394
Total Current Liabilities	3,638	2,878	2,885	2,933	2,680	2,664
Long-Term Debt	11,166	12,047	12,244	11,216	10,160	8,522
Total Long-Term Liabilities	11,166	12,047	12,244	11,216	10,160	8,522
Total Liabilities	14,804	14,925	15,129	14,148	12,840	11,186
Common Stock	1.71	1.71	1.72	1.72	1.71	1.58
Additional Paid-in Capital	15,763	15,498	17,934	18,485	18,992	16,195
Accumulated Other Comprehensive Income	-30.94	-29.4	-46.25	-15.9	-20.81	-7.29
Total Common Shareholders' Equity	15,734	15,470	17,889	18,471	18,972	16,190
Minority Interest	3,630	3,686	4,509	4,152	3,711	2,844
Shareholders' Equity	19,355	19,098	22,379	22,607	22,674	19,024
Total Liabilities & Equity	34,167	34,082	37,527	36,771	35,523	30,219
Total Debt	12,520	12,401	12,244	11,316	10,160	8,792
Net Cash (Debt)	-12,101	-11,852	-11,692	-10,698	-9,335	-8,431
Net Cash Per Share	-71.02	-69.59	-67.95	-62.59	-57.74	-57.17
Book Value	15,734	15,470	17,889	18,471	18,972	16,190
Book Value Per Share	92.34	90.84	103.96	108.08	117.36	109.79
Tangible Book Value	15,734	15,470	17,889	18,471	18,972	16,190
Tangible Book Value Per Share	92.34	90.84	103.96	108.08	117.36	109.79

SEC Filings: 10-K · 10-Q